Montrose, IA is a small city located on the western part of the state and has a population of just under 600 people. It is known for its friendly atmosphere, low prices, and many opportunities to explore the outdoors. The average rent for two bedroom apartments in Montrose comes in at $850 per month, much lower than the national average of $1,430. Additionally, this town also has a grocery cost index that is 94 compared to 100 in the US. This means that Montrose residents can enjoy more affordable food items than most other parts of the country.
Montrose offers many job opportunities at local businesses such as Blain’s Farm & Fleet, L&M Hardware Store, Shady Nook Golf Course, and White Oak Home Center. In addition to these businesses, there are plenty of recreation centers where locals can take advantage of outdoor activities such as fishing and hunting. Overall, Montrose offers a great quality of life for those looking to escape from higher priced areas with its low cost of living and abundance of job opportunities.
Montrose has an unemployment rate of 5.7%. The US average is 6.0%.
Montrose has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 0.5%, which is lower than the US average of 33.5%.
Tax Rates for Montrose
- The Sales Tax Rate for Montrose is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montrose is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montrose
- The average income of a Montrose resident is $23,019 a year. The US average is $28,555 a year.
- The Median household income of a Montrose resident is $56,875 a year. The US average is $69,021 a year.